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Other Income (Expense), Net
 9 Months Ended
Sep. 29, 2024
Other Income and Expenses [Abstract]  
Other Income (Expense), Net
13. Other Income (Expense), Net
Included in other income (expense), net for the third quarter and September year-to-date 2024 and 2023 are the following:
 Third QuarterSeptember Year to Date
2024202320242023
(In millions of dollars)
Interest income$1.3 $2.1 $6.4 $4.8 
Interest expense(4.5)(1.0)(7.1)(2.4)
Foreign exchange gains (losses)(0.9)0.5 (0.2)(1.5)
Other(0.3)— (8.2)2.1 
Other income (expense), net$(4.4)$1.6 $(9.1)$3.0 
The increase in Interest expense for the third quarter of 2024 reflects the increase in the Company's long-term debt (see Debt footnote). Included in Other for September year-to-date 2024 is $7.8 million of transaction costs related to the acquisition of MRP (see Acquisition and Disposition footnote). Included in Other for September year-to-date 2023 is a gain of $2.0 million for the receipt of earnout proceeds in connection with an investment that was sold in 2021.